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Stocks

“Sam Altman’s nuclear energy company Oklo plunges 54% in NYSE debut”

“…On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman.… Continue Reading…

Cryptocurrencies

Cryptocurrency Fraud: “FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents”

“FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, his legal team,… Continue Reading…

Cryptocurrencies

“Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy”

“Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been succeeded by John J. Ray III, though the outgoing… Continue Reading…